Compliance with the law is an essential guide for responsible management, but reliance solely on the law is rarely sufficient.

Question

Quizplus · Accepted Answer

Compliance with the law is necessary but not always enough for ethical and responsible management. Companies should go beyond legal requirements and consider broader ethical and societal implications in their decision-making processes. This approach is often referred to as corporate social responsibility (CSR).

Compliance with the Law Is an Essential Guide for Responsible